Advance notice of Nokian Tyres' year 2001 result

Due to weaker than estimated sales in December, Nokian Tyres' net sales and profit increase for fourth quarter of the year were below market expectation. In 2001, net sales grew by 6% to EUR 423 million (EUR 398 million in 2000). Operating profit increased by 28 % to EUR 50 million (EUR 39 million). Earnings per share improved by approx. 25%. Also a clear improvement of equity ratio and cash flow, were achieved.